PMI for Poland at 48.7 pts in March

PMI index for Poland in March reached the level of 48.7 points compared to 47.6 points in February and against the forecast 47.4 pts, economic researcher company Markit said.

“According to the latest PMI research results, in March the economic conditions in the Polish manufacturing sector continued to deteriorate, both in production, the total number of new orders and the employment level has fallen, and the rate of decline in export orders has been the fastest since June 2009. The Production Size and the New Procurement Indices have, however, slowed down the rate of decline, which suggests that the weakening of the economic situation in industry is decelerating. This is also indicated by the expectations of Polish producers regarding future production, which in March were the highest in six months,” Markit commented. 

(PAP)